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Closed

83-85 Groveland St, Haverhill MA 01830

$840,000

Estimated $1,936.39/month Calculator

Multi Family

Total Units: 4

Price Per Unit: $210,000

Total Rent: 67200/year

Estimated CAP Rate: 6.64%

11 Bedrooms

5 Full Baths

5,364 SqFt

Total Parking: 4

8,398 SqFt

Great opportunity to purchase this oversized 4 family located just over the Groveland line. This property is located less than a mile from a hospital, local grocery stores, shopping centers and parks. This large uniform building has been updated and well-maintained by the same owner for more than 20 years. The second and third floors are divided into two 4 bed units, one of which has 2 bathrooms, a balcony and in-unit laundry. The first floor is divided into a 2 bed and 1 bed unit, both of which have washer/dryer hookups and private entrances. All units have separate utilities and large storage units for each unit located in the walk-out basement. Easily improve NOI by increasing rents immediately after closing.

This home has been viewed 26 times

Last Checked: May 7th, 2024 at 6:21am (Source: MLS PIN #73097497)

Gross Income: $67,200

Gross Expenses: $11,392

Net Income Calc: $55,808

CAP Rate: 6.64%

Annual Expenses for 83-85 Groveland St, Haverhill MA 01830

Total Gross Expenses (Calculated)$11,392/year

APOD AvailableYes

Heating

Electricity$400

Water$1,600

Gas$1,600

Insurance$2,500

Sewer$1,600

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax$6,892

Annual Income & Unit Breakdown for 83-85 Groveland St, Haverhill MA 01830

Total Gross Income (Calculated)$67,200

Unit 1

Rental Income$1,700

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 2

Rental Income$1,700

LeaseY

Bedrooms4

Bathrooms1 Full

Floor2

Levels in Unit2

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 3

Rental Income$1,100

LeaseN

Bedrooms2

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

Unit 4

Rental Income$1,100

LeaseN

Bedrooms1

Bathrooms1 Full

Floor1

Levels in Unit1

HeatingYes

Rent IncludesUnit 1(water), Unit 2(water), Unit 3(water), Unit 4(water)

General Information for 83-85 Groveland St, Haverhill MA 01830

Listing ID73097497

Property TypeMulti Family / 4 Family

Price$840,000 ($156.6/SqFt)

Style4 Family

CityHaverhill

CountyEssex

MLS Area

Neighborhood(s)Ipswich

Approximate Living Area Total5,364 SqFt

Approximate Lot Size (Acres)0.19 acres

Total Parking4

Garage Parking

Year Built1875

Year Built SourcePublic Records

Year Renovated

Year Built DetailsApproximate

Water

Sewer

Electric

Hot Water

Roof Material

Basement

Construction MaterialsFrame

Lot FeaturesLevel

Foundation Area

Foundation DescriptionBrick/Mortar

Accessible Features

Outdoor Space

ZoningRH

Zoning Details

Water Views

Water Views Features

WaterfrontNo

Waterfront Features

Energy Features

Terms

Disclosures for 83-85 Groveland St, Haverhill MA 01830

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourcePublic Records

Title 5

Exclusions

Disclosures

Financial Data SourceOwner

Total Gross Expenses By Broker$4,500

Total Gross Income By Broker$67,200

Total Net Income By Broker$62,700

For Sale By OwnerNo

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation2.0

Facilitator Compensation

Sub-Agent Compensation

Compensation Based OnNet Sale Price

Financial Information for 83-85 Groveland St, Haverhill MA 01830

Real Estate Taxes$6,892

Tax Year2023

Assessed Value$618,100

Financial Data SourceOwner

Total Gross Expenses By Broker$4,500

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker$67,200

BostonRealEstate.com Gross Income

Total Net Income By Broker$62,700

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

CAP Rate (BostonRealEstate.com)6.64%

Location Information for 83-85 Groveland St, Haverhill MA 01830

Elementary School

Middle School

High School

Neighborhood(s)Ipswich

MLS Area

Area AmenitiesHighway Access, Public School, Shopping, Park, Medical Facility, Public Transportation

Contact Information for 83-85 Groveland St, Haverhill MA 01830

Agent

Name: Jack Mantville

Office

Name: J. Borstell Real Estate, Inc.

Phone: 978-502-8045

Payment Calculator

, Interest

Property Taxes 574.33

Principal & Interest 5175.81

HOA Dues $0

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

J. Borstell Real Estate, Inc.

Jack Mantville

Agent Phone

Office Phone

(978) 502-8045

Text Agent Call Agent Call Office

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EXIT

Closed

83-85 Groveland St, Haverhill MA 01830

$840,000

Annual Expenses for 83-85 Groveland St, Haverhill MA 01830

Annual Income & Unit Breakdown for 83-85 Groveland St, Haverhill MA 01830

General Information for 83-85 Groveland St, Haverhill MA 01830

Disclosures for 83-85 Groveland St, Haverhill MA 01830

Financial Information for 83-85 Groveland St, Haverhill MA 01830

Location Information for 83-85 Groveland St, Haverhill MA 01830

Contact Information for 83-85 Groveland St, Haverhill MA 01830

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J. Borstell Real Estate, Inc.

Jack Mantville